Somewhat Positive Media Coverage Somewhat Unlikely to Affect Science Applications International Corporation (SAIC) Stock Price
Media coverage about Science Applications International Corporation (NYSE:SAIC) has been trending somewhat positive on Friday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Science Applications International Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the information technology services provider an impact score of 45.889706661877 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Science Applications International Corporation (NYSE:SAIC) opened at 65.16 on Friday. Science Applications International Corporation has a 12-month low of $60.21 and a 12-month high of $89.87. The company has a market cap of $2.82 billion, a P/E ratio of 18.20 and a beta of 1.64. The stock’s 50 day moving average is $69.46 and its 200-day moving average is $73.82.
Science Applications International Corporation (NYSE:SAIC) last announced its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts predict that Science Applications International Corporation will post $3.61 earnings per share for the current fiscal year.
SAIC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, June 1st. Wells Fargo & Company reiterated a “market perform” rating and issued a $75.00 target price (down previously from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. ValuEngine downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 target price on shares of Science Applications International Corporation in a research report on Friday, July 14th. Finally, BidaskClub downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $80.00.
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In related news, insider Douglas Martin Wagoner sold 30,072 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $68.95, for a total transaction of $2,073,464.40. Following the transaction, the insider now directly owns 8,859 shares of the company’s stock, valued at $610,828.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.28% of the stock is owned by corporate insiders.
Science Applications International Corporation Company Profile
Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.
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